ZOPA co-founder Giles Andrews OBE has been named as chairman of German alternative consumer lender Kreditech’s advisory board.
The fintech firm provides loans and credit cards for the under-banked and those with poor or little credit history and operates in Mexico, Spain, Czech Republic, Poland and Russia.
Founder Alexander Graubner-Müller will remain as deputy chief executive, while David Chan, formerly chief executive at Barclaycard Consumer Europe has been recruited for the same position at Kreditech.
Andrews (pictured) adds the chairmanship to similar roles at UK peer-to-peer firms Zopa and MarketInvoice.
“I look forward to combining talents with David, Alexander and the Kreditech team on a path of profitable growth and continuing to develop and expand the game-changing partnership opportunities,” Andrews said.
Graubner-Müller, said there were “ambitious plans” to grow the business.
“Over the past six years we have grown Kreditech from a technology start-up to a successful international consumer finance business – serving hundreds of thousands of international customers,” he said.
“Having the right team and experience in place is crucial for our success. I am thrilled to have found a world-class executive to lead us in the next level of expansion.”